Tabs Secures $25 Million in Series A Funding
Tabs, a New York-based revenue automation platform for B2B businesses, has secured $25 million in Series A funding.
Tabs, a New York-based revenue automation platform for B2B businesses, has secured $25 million in Series A funding.
Investors
The round was led by General Catalyst, with participation from Primary Ventures and Lightspeed.
General Catalyst is a global investment and transformation firm that partners with ambitious entrepreneurs focused on resilience and applied AI. The firm supports founders with a long-term perspective, from seed through growth stages, and has helped grow over 700 businesses. General Catalyst has offices in San Francisco, New York City, Boston, Berlin, Bangalore, and London.
Tabs Use of Funds
The funding will accelerate Tabs' product development, focusing on deepening integrations, enhancing analytics, and expanding its go-to-market activities. Additionally, Tabs plans to scale its customer success team to support the influx of CFOs seeking to simplify their revenue operations.
About Tabs
Tabs provides revenue automation platform designed to streamline the invoice-to-cash process for B2B (business-to-business) organizations. It offers a unified platform to automate various financial operations, including invoicing, revenue recognition, and payment collection. Companies like Cortex, Alkira, and Red Antler use Tabs to reduce manual work, improve cash flow, and stay compliant with evolving regulations like ASC 606.
Funding Details
Company: Tabs Platform, Inc.
Raised: $25.0M
Round: Series A
Funding Date: October 2024
Lead Investor: General Catalyst
Additional Investors: Primary Ventures, Lightspeed
Company Website: https://tabs.inc/
Software Category: Revenue Automation
